Greece and its creditors are close to a deal on the nation’s debt swap. (Reuters) A judge rules that some of the Gulf spill costs to be covered by Transocean (NYSE: ... Read Full Story »
A small leak in a line feeding drilling fluid to a well owned and operated by Royal Dutch Shell (NYSE: RDS-A) and using a rig owned by Transocean Ltd. (NYSE: ... Read Full Story »
Olympus may hire its former CEO, Michael Woodford, in the midst of an accounting scandal. (Reuters) Foreign investment in China drops for the first time in 28 months. (Reuters) Holiday ... Read Full Story »
Eurozone on notice. The situation in Europe, so promising just days ago, took a sharp turn for the worse. S&P put 17 nations in the euro area on credit ... Read Full Story »
Strong reports from the Chicago purchasing managers index and pending home sales juiced the equity markets this morning, and the gains held up throughout the day. Part of the bounce ... Read Full Story »
Transocean Ltd. (NYSE: RIG) yesterday announced a secondary offering of 26 million shares. The sale was completed today at a share price of $40.50, more than a dollar lower than ... Read Full Story »
These are some of the top analyst upgrades, downgrades, and initiations seen from Wall Street research calls this Wednesday morning. AMR Corporation (NYSE: AMR) Cut to Sell at Citigroup. Cabela's, ... Read Full Story »
Crude oil is at $98.25, up 0.04%. Gold is at $1,711, down 0.19%. Hong Kong’s Hang Seng closed up 1.21% to 18,256. Japan’s Nikkei closed higher by 2.29% to 8,477. The U.S. 10-year is at 1.99%, up ... Read Full Story »
Share prices for the oil field services companies dipped in late July shortly after many of the companies had posted new 52-week highs. The stocks have been struggling since then, ... Read Full Story »
It isn’t every day that a $7.1 billion deal falls through. Even rarer is a seller’s reaction that amounts to, “What, me worry?” But that’s what occurred over the weekend ... Read Full Story »
These are some of Friday's top analyst upgrades, downgrades, and initiations seen from Wall Street research calls. Big Lots Inc. (NYSE: BIG) Raised to Outperform at Wedbush. Chico's FAS Inc. ... Read Full Story »
Stock markets. Equity markets opened sharply higher this morning before falling into negative territory before the ISM and factory order reports were released. The ISM index came in lower than expected, ... Read Full Story »
George Papandreou convinces the Greek cabinet of the virtues of a national referendum on budget cuts, but he now faces the leaders of France and Germany. (Reuters) The FBI may ... Read Full Story »
Following last year’s disaster in the Gulf of Mexico, oil drillers and field services companies watched their shares fall more than -20% in most cases as prospects for exploration and ... Read Full Story »
Responsibility is going to get spread around for the explosion of the Deepwater Horizon that killed 11 people and poured millions of barrels of oil into the Gulf of Mexico ... Read Full Story »